The global market for polyphenols is expected to
reach USD 1,025.7 million by 2020, according to a new study by Grand View
Research, Inc. Increasing geriatric population mainly in U.S., Western Europe
and Japan is expected to drive polyphenols demand over the forecast period.
Growing consumer awareness regarding health benefits offered by polyphenols is
also expected to augment the demand, especially in relatively developed
markets. Concerns regarding constant raw material procurement and non-uniform
labeling regulations across various regional markets are expected to be key
challenges for industry participants.
Grape seed polyphenols emerged as the leading
product segment in the global market and accounted for 53.9% of total market
volume in 2013. Green tea polyphenols are expected to be the fastest growing
product segment, at an estimated CAGR of 8.9% from 2014 to 2020.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/polyphenols-market-analysis
Further
key findings from the study suggest:
- Global polyphenol demand was 14,070.7 tons in 2013 and is expected to reach 24,992.1 tons by 2020, growing at a CAGR of 8.7% from 2014 to 2020.
- Functional beverages dominated the application market for polyphenols and accounted for 44.3% of total market volume in 2013. In addition to being the largest application market, functional beverages are also expected to be the fastest growing application market for polyphenols at an estimated CAGR of 9% from 2014 to 2020.
- Asia Pacific continued its dominance in the global market and accounted for 40.9% of total market volume in 2013. Along with being the largest market, Asia Pacific is also expected to be the fastest growing market for polyphenols, at an estimated CAGR of 9.2% from 2014 to 2020. Asia Pacific was followed by North America and Europe in 2013, in terms of consumption.
- The global market for polyphenols is highly concentrated and is led by top multinational corporations such as Naturex, Layn Natural Ingredients and Ajinomoto OmniChem Natural Specialties. Some of the other companies operating in the global market include, Indena, Frutarom Ltd., Diana Naturals, Chr. Hansen, DuPont-Danisco, ADM and Prinova.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
For
the purpose of this study, Grand View Research has segmented the global
polyphenols market on the basis of product, application and region:
Global Polyphenols Product Outlook
(Volume, Tons; Revenue, USD Million, 2012 - 2020)
• Grape Seed
• Green Tea
• Apple
• Other
Global Polyphenols Application
Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• Functional Beverages
• Functional Food
• Dietary Supplements
• Other
Polyphenols Regional Outlook
(Volume, tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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